3 - SRM UNIT Statistics

Edit 0 12 …
Unit 3 Statistics - Financial Information and Decision Making
Learning Targets:
Web Site Resources
http://www.cnr.uidaho.edu/learn/statistics/

Risk Management as it relates to Production and Quality Control
  1. Communicate the value of statistical information in a variety of business disciplines and environments
  2. Assess statistical information portrayed in media, work, and educational environment

Risk Management using Technology
  1. Use a spreadsheet to collect, collate, organize, and analyze quantitative data (chapter 3, Intro to Statistics and Data Analysis)
  2. Use spreadsheets and Graphical Techniques to present data in a manner that is understood by colleagues and clients
  3. Analyze data presented in frequency distributions, histograms, and forgiveness
  4. Construct descriptive indices and use descriptive indices
  5. Apply the common rules of probability to evaluate business
  6. Construct a confidence interval estimate for a single population mean using standard normal distribution and interpret a confidence interval estimate for a single population mean using standard normal distribution.
  7. Establish a confidence interval estimate for a single population proportion
  8. Interpret a confidence interval estimate for a single population proportion
  9. Carry outan appropriate hypothesis test on a single population mean or proportion
Homework Files:



Ch 12 -1 Experiments Surveys and Obervations.pdf

PPT Files
Chapter02.pptx


Risk Management Affecting Capital

  1. Interpret the p-value of the test statistic
  2. Construct a contingency table and perform a chi-squared test of independence
  3. Analyze two variable problems using linear regression and correlation
  4. Interpret the results of a computer generated regression mode.

Resources: Introduction to Statistics and Data Analysis 2nd Edition, Peck Olsen, Devore
Prentice Hall Mathematics Algebra 2 Chapter 12 Statistics.
Glencoe Algebra 2 Chapter 12 Statistics